Federal Share of Real Property, Equipment, or Supplies [Education] Law and Legal Definition

According to 34 CFR 74.2 [Title 34 – Education; Subtitle A -- Office of the Secretary, Department of Education; Part 74 -- Administration of Grants and Agreements with Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations; Subpart A – General], the term Federal share of real property, equipment, or supplies means “that percentage of the property's acquisition costs and any improvement expenditures paid with Federal funds.”